Please use these concepts:

Future Value and Compounding

Present Value and Discounting

More on Present and Future Values

To answer:

1. Eti Salat Inc has just reported the numbers and you are asked to calculate depreciation expense given the following information: Interest expense $2,000; times interest earned 5; cash coverage ratio 5.5. (Show all necessary calculations with the steps)

2. The company also provide the following details: Total current assets $57,000; supplies $4,000; average collection period 60.83 days; days' sales in inventory 97.33 days; sales 90,000; cost of goods sold 75,000. Calculate cash given the previous information.